Live data from Hacker News

What’s the Matter with Boston Tech?

recode.net

21–30 of 70 posts

Re: What’s the Matter with Boston Tech?

#21

Money. Unfortunately VCs and Angels in Boston have a very poor reputation for taking risk on startups. Instead they want to invest in companies that have already proven their model or just need money to scale. Public transportation. I know that every city dweller thinks their city has poor public transportation options. Let me tell you, Boston has you beat. When we take into consideration the perceived importance of…

> All this to say that the medical industry does not have this same talent retention problem. What keeps the world's best doctors in Boston but pushes away the world's best software engineers? If Boston wants to make up ground on SF (and even NY at this point) I think starting with this question might lead to potential solutions.

It's curious you didn't lead with this paragraph since all but two of your points (lack of anchor and SF envy) are applicable to biotech/medicine - thus unlikely to be [significant] factors.

Re: What’s the Matter with Boston Tech?

#23
California's non-compete ban (see jhallenworld's post on the issue) is huge. California also bans "we own your side projects" clauses, which is major. Even if, on technicalities, the states may not be very different, the perception is strong enough to scare people into California, a state that otherwise wouldn't have more than weather and inertia.

One of my posts is already linked here, by mwhite, and my perception hasn't changed. I don't see progressivism in Boston companies. I see smart people but old thinking. Then again, the old thinking (reinvented using fratty Young Republican types who get funded) is invading the Valley.

I'm glad to see that Boston is taking on Real Technology. That's great. Honestly, if something can be run by Lucas Duplan or Evan Spiegel, it probably shouldn't be done and it certainly shouldn't be funded at the expense of something legitimate. All that said, one of my gripes with Real Technology (and with Boston) is that there tends to be a militant PhD Bigotry in it. I get that advanced degrees are more common than pigeons out there, but it's a bit irksome to be treated like a junior just because one doesn't have an doctoral degree.

I mean, look, I'm not without cognitive ability. If I weren't a public figure, I could lie and say I was a Stanford PhD in CS and would easily pull it off. Almost everyone would believe me (except for Stanford CS graduates, who could call me out on campus specifics or professors). I have zero interest in lying about my background or history; my point is that I'm smart enough that I could get away with it and hold up. So the lack of a credential shouldn't matter, yet I've had more than one Boston company (when interviewing with them, in the past) tell me that I wasn't a real data scientist or a real quant because I didn't have a PhD. Never mind that I am so much smarter than the person who set these little rules in place that I could claim that I invented the letter "Q" and they'd believe me.

Real Technology can afford PhD Bigotry now because there isn't much of it and (unlike the consumer web space, which is mostly stupid and product-driven but takes more chances on people) it can be picky, so long as it doesn't try to expand. But these academics and ex-academics need to realize that if they want to be relevant again instead of falling into another AI Winter, they've got to drop the pedigree bigotry.

Ok, that last rant has more to do with technology in general than with Boston. I guess I'm here to say that I'm very glad to see Boston's high valuation applied to substance getting it some press. I want Boston's tech scene to succeed. Anything that can compete with the Valley deserves unwavering support. In order to do so, however, it has got to enter the 21st century.

Re: What’s the Matter with Boston Tech?

#24

Money. Unfortunately VCs and Angels in Boston have a very poor reputation for taking risk on startups. Instead they want to invest in companies that have already proven their model or just need money to scale. Public transportation. I know that every city dweller thinks their city has poor public transportation options. Let me tell you, Boston has you beat. When we take into consideration the perceived importance of…

[deleted]

Re: What’s the Matter with Boston Tech?

#25

Money. Unfortunately VCs and Angels in Boston have a very poor reputation for taking risk on startups. Instead they want to invest in companies that have already proven their model or just need money to scale. Public transportation. I know that every city dweller thinks their city has poor public transportation options. Let me tell you, Boston has you beat. When we take into consideration the perceived importance of…

> All this to say that the medical industry does not have this same talent retention problem. What keeps the world's best doctors in Boston but pushes away the world's best software engineers? If Boston wants to make up ground on SF (and even NY at this point) I think starting with this question might lead to potential solutions. It's curious you didn't lead with this paragraph since all but two of your points (lack…

I agree with the exception of public transportation. Many of the hospitals have deals with affordable housing in and around the hospital areas that doctors early in their careers get preferential treatment for. Walking distance commute to work, no MBTA needed.

Re: What’s the Matter with Boston Tech?

#26
It's seed funding. The seed funding ecosystem is a vortex of death in Boston.

We (Boomerang) moved to San Francisco after going 0/34 with Boston investors. It took less than 30 days to have our full round complete after we got here, and that was in 2010, before the seed market even started to feel frothy.

All the Boston talk about how "a good company can get funded here just as well as it can in San Francisco; they just fund a lot of crappy companies out there" is nonsense. Over half of those 34 Boston investors have paid us for Boomerang.

The ideal company for a Boston tech investor is one gunning to be the #6 company in an already-established market, run by a 45-year-old dude who graduated from HBS then worked for a 55-year-old VC's former company for a few years. If you don't fit that profile, you need to be rich enough to not need funding, you need to have a way to get yourself to $5m in revenue without outside funding, or you need to move.

There were a lot of young, energetic founders working on exciting stuff alongside us back in 2010-2011. I can think of one or two who still are. Some of the rest moved. Most shut down their companies and went to work for a 45-year-old HBS graduate building the 6th most successful company in some already-well-established vertical.

Re: What’s the Matter with Boston Tech?

#27

It's seed funding. The seed funding ecosystem is a vortex of death in Boston. We (Boomerang) moved to San Francisco after going 0/34 with Boston investors. It took less than 30 days to have our full round complete after we got here, and that was in 2010, before the seed market even started to feel frothy. All the Boston talk about how "a good company can get funded here just as well as it can in San Francisco; they j…

[deleted]

Re: What’s the Matter with Boston Tech?

#28

Big shout out to Kendall Square. Just started working here. Tangential but curious, any peeps who work at Kendall Square have any good food trucks, restaurants, meetup's nearby to try out? I like Clover/Chipotle, Sebastian's is too expensive and co-op food court is still shut-down :( Are there any cool meetup's to check out at Microsoft NERD center or at CIC? Or any ideas about the hack/reduce, enterprise data scienc…

Momogoose for life. There are a bunch of food trucks behind the T stop.

Also, check out Aceituna.

Re: What’s the Matter with Boston Tech?

#29

California's non-compete ban (see jhallenworld's post on the issue) is huge. California also bans "we own your side projects" clauses, which is major. Even if, on technicalities, the states may not be very different, the perception is strong enough to scare people into California, a state that otherwise wouldn't have more than weather and inertia. One of my posts is already linked here, by mwhite, and my perception h…

"Then again, the old thinking (reinvented using fratty Young Republican types who get funded) is invading the Valley."

Oh yeah. I'm not even in The Valley, and I can smell it from here. It's also obvious in the way technology is evolving -- toward a complete inversion of the ideals behind the "personal computer."

Edit:

On Ph.D bigotry-- I also don't have an advanced degree. I was in Boston once discussing something with a Harvard Ph.D. We were discussing probability stuff related to machine learning. I said something was "probabilistic," and he replied (quite ardently) that no, in fact, it was "stochastic."

That's what I meant. Those mean roughly the same thing.

I didn't say anything of course, but I interpreted this as "I have a Ph.D from Harvard and you don't so STFU."

Next time I'll call them "little fuzzy puff balls in combinatorial space."

Re: What’s the Matter with Boston Tech?

#30
There are a few comments here that imply the problem with Boston is the weather or culture. That is way off base. Of course there are people that hate the weather or don't like the culture, but there are just as many people that love it.

Also, while Boston doesn't have a huge consumer success story, the startup and tech scene is thriving. Just spend a couple months going to meetup groups or other events like the CIC Venture Cafe and you will understand.

The problem as the author alludes to is not with starting companies, but growing them. More specifically, there is no doubt funding for consumer-based companies is easier in the bay area. It really bummed me out to see Technical Machines and Platiq move to the San Fran.

That said, I do think things can and will eventually change. Paul English and others have started to heavily invest in consumer based businesses in Boston. I believe like he does that other than the issues getting funding, there is no reason why consumer based businesses can't thrive here.

Post reply on HN